1) The appropriate journal entry to transfer the cost of completed units from the Work in Process account would involve a credit to Work in Process and a debit to which of the following accounts?
a. Income Summary
b. Raw Materials Inventory
c. Finished Goods
d. Manufacturing Summary
2) Which cost accumulation procedure is best suited to a continuous mass production process of similar units?
a. Job order
b. Process
c. Standard
d. Actual